4401 Melrose Ave
0.16 Acres of Commercial Land Offered at $1,200,000 in Los Angeles, CA 90029
EXECUTIVE SUMMARY
WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 4401 Melrose Avenue, a vacant lot in East Hollywood, on the corner of Melrose and N Edgemont Street.
The subject property is comprised of ±6,881 SF along the north side of Melrose in the up-and-coming area of East Hollywood just off the 101. The property is conveniently located one block from the 101 south on-ramp, and less than five minutes from Los Angeles Community College. Half a mile east is the popular area known as Virgil Village, home to hip restaurants Sqirl, Courage Bagels, Melody, Budonoki, and more.
The subject property has excellent visibility given it’s prime corner location just off the 101, a major Los Angeles freeway that sees a traffic volume of over 250,000 cars per day. This is an excellent opportunity to own property in a growing Los Angeles neighborhood.
The subject property is comprised of ±6,881 SF along the north side of Melrose in the up-and-coming area of East Hollywood just off the 101. The property is conveniently located one block from the 101 south on-ramp, and less than five minutes from Los Angeles Community College. Half a mile east is the popular area known as Virgil Village, home to hip restaurants Sqirl, Courage Bagels, Melody, Budonoki, and more.
The subject property has excellent visibility given it’s prime corner location just off the 101, a major Los Angeles freeway that sees a traffic volume of over 250,000 cars per day. This is an excellent opportunity to own property in a growing Los Angeles neighborhood.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,200,000 |
| Price Per AC | $7,596,571.41 |
| Lot Size | 0.16 AC |
1 of 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 5538-015-028 | Improvements Assessment | $0 |
| Land Assessment | $901,423 | Total Assessment | $901,423 |
ZONING
| Zoning Code | LAC2 (C2-1D Tier 3 AB2097- Reduced Parking Area ED1 Eligible (Low Income Housing)) |
